PLANO, Texas, Dec. 7, 2010 (GLOBE NEWSWIRE) -- Asset Intelligence (AI), a leading provider of transportation asset management solutions and a subsidiary of I.D. Systems, Inc. (Nasdaq:IDSY), today announced that Forward Air Corporation (Nasdaq:FWRD) has selected AI's VeriWise™ Track & Trace system to monitor and manage its cargo trailers. Forward Air has retro-fitted Track & Trace on its current trailer fleet and is deploying the system on all new trailers as they are acquired.
Forward Air is a leading provider of time-definite surface transportation and related logistics services for the expedited freight market in North America. With flexible sources of capacity and a network of terminals at 85 U.S. and Canadian airports, the company provides cost-effective, reliable transportation for freight that must be delivered at a specific time. Forward Air sells its services to a wide range of wholesale customers, including third-party logistics providers, freight forwarders, customs brokers, and airlines.
VeriWise Track & Trace is an easy-to-deploy asset tracking system that provides real-time data to improve the efficiency and security of trailer and container fleets. It is designed for quick, flexible installation on a wide range of cargo-carrying assets, with patented power management technology to provide exceptionally long battery life and years of maintenance-free operation."To maintain our position as a recognized leader in providing expedited, time-definite transportation, everything we do is focused on making safe, on-time, low-cost, damage-free deliveries to our customers," said Jeff Woods, Forward Air's Senior Vice President of Logistics. "After extensive testing, we deployed the VeriWise Track & Trace system because it provides us with reliable, affordable visibility and control of our trailer fleet, and helps ensure we exceed our customers' service expectations. By providing real-time trailer analytics, eliminating manual yard checks, and improving our dispatch efficiency, Track & Trace has improved our trailer fleet utilization by 15%, allowing for a significant reduction in our trailer-to-tractor ratio, and ultimately adding more than $500,000 to our bottom line profits each year."